Smart Buying Habits of Savvy Baby Boomers
Paul Zane Pilser widely recognized as a leading economist has spent numerous years analyzing the intricate buying habits of the baby boomer generation. What follows is a brief synopsis of those buying habits and spending trends of the boomer generation.
We hear about them a lot in the news lately. They have defined and whole trends and industries have been built to target them since they were babies. Who are we referring to? That generation of people born during the 19 years after WII, commonly called the baby boomer generation. At this point in time they make up 27% of the US population but control a much higher percentage of the income and wealth in the US.
One particular individual has spent countless hours and even years researching the buying habits of this generation of baby boomers. This individual is nothing less than world renowned economist Paul Zane Pilser. Basically his insight has revealed that this generation has a much stronger sense of health and wellness than their parents did and most aren’t shy about spending their money in maintaining their health.
A unique trait of baby boomers is their shopping habits. They are typically at an age where they have a much higher degree of personal income. They often will spend this extra income on products that make them feel or look younger or improve their health.
The smart sophisticated intelligent consumer when shopping will typically look for and select the best-quality product their budget will allow. That is because they have learned that a quality well-made product will almost always save them money, long-term as it not only will last longer, but also perform better. If one can afford it, it almost never pays to buy a poorer quality alternative. It is hard to get ahead when you are continuing to replace a product when it is worn out.
This having been said an expensive option to a product is not necessarily the same as a quality product. Add on amenities may or may not contribute to the overall quality of the product being considered. Consider that adding all the extra amenities to an automobile adds nothing to the quality and reliability of the vehicle. However, trying to save money by purchasing a lesser quality automobile will often cost more long term due to increased repair costs.
In conclusion one last item concerning the buying habits of boomers concerning consumable, reusable commodities like nutrition supplements and health foods and the like. The sophisticated educated boomer even if their initial purchase of a particular item is not the highest quality, once they determine they like that item they will move up in quality with their purchases. And of course they tend to stay with the higher quality item as they simply like it better and/or realize it’s their best and truly least cost item over it’s lifetime.
Actually no one wants a knowingly inferior product given an option. If price was no concern most people would choose the best quality, but too often they don’t think they can afford it. In some instances they may be right but typically most people haven’t been educated to the reality there are many high quality items that would save them money in the long run over a lesser quality less expensive version. We should endeavor to emulate the wealthy in the areas of wealth creation. One habit the wealthy have in this regard is buying high quality items that will last many years and don’t need replaced.
This is why we as a merchant have elected to only provide you with the very best quality products along with our dedication to the very best service. Because while we realize you may try a lesser product once you have tried the best you will almost always be back for more and we will be right here. We’re not going anywhere.
Nick A. James is a Home Business Consultant. Get his Exclusive Free Report -Selling Stinks! - Why selling doesn't work learn how to attract success to you.
Contact Nick at: http://www.health-goji-juice.com
One particular individual has spent countless hours and even years researching the buying habits of this generation of baby boomers. This individual is nothing less than world renowned economist Paul Zane Pilser. Basically his insight has revealed that this generation has a much stronger sense of health and wellness than their parents did and most aren’t shy about spending their money in maintaining their health.
A unique trait of baby boomers is their shopping habits. They are typically at an age where they have a much higher degree of personal income. They often will spend this extra income on products that make them feel or look younger or improve their health.
The smart sophisticated intelligent consumer when shopping will typically look for and select the best-quality product their budget will allow. That is because they have learned that a quality well-made product will almost always save them money, long-term as it not only will last longer, but also perform better. If one can afford it, it almost never pays to buy a poorer quality alternative. It is hard to get ahead when you are continuing to replace a product when it is worn out.
This having been said an expensive option to a product is not necessarily the same as a quality product. Add on amenities may or may not contribute to the overall quality of the product being considered. Consider that adding all the extra amenities to an automobile adds nothing to the quality and reliability of the vehicle. However, trying to save money by purchasing a lesser quality automobile will often cost more long term due to increased repair costs.
In conclusion one last item concerning the buying habits of boomers concerning consumable, reusable commodities like nutrition supplements and health foods and the like. The sophisticated educated boomer even if their initial purchase of a particular item is not the highest quality, once they determine they like that item they will move up in quality with their purchases. And of course they tend to stay with the higher quality item as they simply like it better and/or realize it’s their best and truly least cost item over it’s lifetime.
Actually no one wants a knowingly inferior product given an option. If price was no concern most people would choose the best quality, but too often they don’t think they can afford it. In some instances they may be right but typically most people haven’t been educated to the reality there are many high quality items that would save them money in the long run over a lesser quality less expensive version. We should endeavor to emulate the wealthy in the areas of wealth creation. One habit the wealthy have in this regard is buying high quality items that will last many years and don’t need replaced.
This is why we as a merchant have elected to only provide you with the very best quality products along with our dedication to the very best service. Because while we realize you may try a lesser product once you have tried the best you will almost always be back for more and we will be right here. We’re not going anywhere.
Nick A. James is a Home Business Consultant. Get his Exclusive Free Report -Selling Stinks! - Why selling doesn't work learn how to attract success to you.
Contact Nick at: http://www.health-goji-juice.com

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